This problem set will not be collected.There will be a short closed book, closed note, quizat the beginning of class on 2/20/23 based on the concepts in this problem set.Get inthe habit of labeling your graphs (axes and important values) as well as showing all yourwork for any calculations.You will need to do this on the test for full credit. 1.Consider the market forapartments for rent in Minneapolis. a.Graph the initial supply and demand curves and the equilibrium before anyPSchanges.Label the initial equilibrium (Q* and P*)